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Prepare entries for a share dividend. (LO 5) AL BE11-8 Valiant Corporation has 56,000 $10 par value ordinary shares outstanding. It de- clares a 10% share dividend on December 1 when the market price per share is $16. The dividend shares are issued on December 31. Prepare the entries for the declaration and payment of the share dividend. DEAD IL 1010

Prepare entries for a share dividend. (LO 5) AL BE11-8 Valiant Corporation has 56,000 $10 par value ordinary shares outstanding. It de- clares a 10% share dividend on December 1 when the market price per share is $16. The dividend shares are issued on December 31. Prepare the entries for the declaration and payment of the share dividend. DEAD IL 1010

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Prepare entries for a share dividend. (LO 5) 01 IC BE11-8 Valiant Corporation has 56,000 $10 par value ordinary shares outstanding. It de- clares a 10% share dividend on December 1 when the market price per share is $16. The dividend shares are issued on December 31. Prepare the entries for the declaration and payment of the share dividend. DEAD TI
Transcribed Image Text:Prepare entries for a share dividend. (LO 5) 01 IC BE11-8 Valiant Corporation has 56,000 $10 par value ordinary shares outstanding. It de- clares a 10% share dividend on December 1 when the market price per share is $16. The dividend shares are issued on December 31. Prepare the entries for the declaration and payment of the share dividend. DEAD TI
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